Any Scottish Agents?

[fishybits]

We put an offer in on a house, it was low but I said to the agent that it was an opening offer. They accepted another one without giving us a chance to increase our offer and I'm wondering why they would do that. They said there was other another offer in but also a low one so why not give us the chance to increase ours?

We've got nothing to sell, only need a small mortgage, want to complete as soon as possible.

I have emailed them to ask why and said how much we would have gone to if it have gone to a closing day or we'd been told to come up with our best offer which we weren't.

I guessing that the other party were in a better position than us ie cash buyers.

So frustrating

What's the point in going in with an offer which you all know isn't going to be your final one? They obviously had an offer at price they wanted .

Misguidedly "testing the water". We won't make that mistake again.

For some reason I was under impression that if two people were interested in a property then Scottish Agents would recommend a final offer type to avoid a protracted bidding war. I was wrong.

We would have offered over asking price if anyone had said put your best offer in but nobody did, not the agent or the solicitors.

Just typed a huge message and lost it

Not an agent, but have bought and sold. Who advised you to go in low? I wouldn’t entertain an offer under the FP or OO. What was the home report value and what did yoh offer? Most people go for fixed price for a quick sale, or offers over where things are selling quickly. Not many people offer below here

We didn't get any advice from anywhere and being used to the English system, we've obviously got it very wrong. The solicitors we used didn't say anything to us and neither did the agent.

It's been on the market for nearly a year, empty through a hard winter and the home report was a fairytale when it came to what needed doing and how much it would cost:

£5k for roof repairs, damp repairs, repointing and stone wall rebuilding (an acre of boundary) was a joke.

We put an offer in that reflected the real cost for that work to be done but had anyone said no, you need to put in a best offer then we would have done.

We bought in Scotland earlier this year and our (local, Scottish) solicitor advised us to go in under the OO amount. We'd been planning on offering the OO amount, which was the Home Report value. We had to come up a little, but still got it quite a bit under the OO / Home Report (£475k, bought for £445K; first offer at £435k on solicitor's advice. But we weren't competing with anyone else; another party became interested later whilst we were in the process of concluding missives, which was a bit stressful.

Same, not an agent but I recently bought and sold. Normally when you put an offer and it's been rejected and the house it's still on the market you can put another one later on if you still want the property . But there is always the risk that in the meantime the owners will accept an offer from someone else. The agent cannot/shouldn't tell you how much the other offers are while the house is still on the market.

When we bought our house we knew there were a few other offers already sent (there was a closing date) so we put the highest offer we could afford as we really wanted that property. We didn't know how much the other offers were from.. When we sold, the initial few offers were below the report and below the asking price "offers over...", so we didn't accept any of them. We told the agency the lowest we would go for, just in case. Someone made a verbal offer for that amount, but before we got to accept the agent told us that someone else showed interest in the property and was advised to put an offer asap (again, they had been told there was a verbal offer we got but not accepted yet, they were not told for how much) So we decided to wait a few more hours, the second offer came and we accepted it as it was much better than the first one.

As an owner I think I'd want prospective buyers to be given a chance to increase their offers at least once before accepting and then honouring an offer if only to make sure I'm getting the most I can for my property.

It's the not being given a chance to increase our offer bit that I don't understand.

Oh well, we'll know better for next time.